Jimmy Fallon and Stephen Colbert placed a good natured bet earlier this week on "The Late Night with Jimmy Fallon" when the host challenged his viewers to raise $25,000 for DonorChoose.org in exchange for Colbert to sing the viral hit "Friday" by Rebecca Black.

So Colbert, along with help from the "Late Night" house band The Roots, Fallon, and former "American Idol" winner Taylor Hicks, took to the stage on Friday to sing the YouTube hit by Black. The video of the performance can be seen below.

In March, Black visited "The Tonight Show With Jay Leno" and told the talk show host that she plans on donating proceeds for the song, which is currently no. 28 on the iTunes charts, to Japan and to her school.

Since its release, the video has been deemed "the worst music video ever" by some and others have jumped to Black's rescue, including Ryan Seacrest, Simon Cowell, Nicole Ritchie, Joel Madden and Willow Smith. On "Good Morning America," she defended her singing skills, saying, "I think I have talent on some level, I don't think I'm the worst singer, but I don't think I'm the best singer."

The song was produced by the independent Los Angeles-based company called Ark Music Factory. People magazine reports that for a fee, the company will produce a pop song and video for teenage girls who "want to get discovered."

The video became an internet sensation after Comedy Central's Tosh.o blog lampooned it under the headline, "Songwriting Isn't For Everyone" and popular Tumblr blog The Daily What made it the "Where Is Your God Now of the Day."